Flush with property tax dollars harvested from the Great American Real Estate Bubble, Cambridge set aside $50 million to build a new library building for the town. The old library closed three years ago, in March 2005. A friend and I walked by the construction site the other day. A steel skeleton is visible and the building is taking shape, occupying what was once a lovely park where people sunbathed and dogs played. “Maybe it will be finished in time for the complete irrelevance of the paper book,” I noted. “People like to visit the library,” my friend said. “They can borrow DVDs.” I responded that the money spent on the project could probably buy every household in Cambridge a lifetime subscription to Netflix. According to the U.S. Census Bureau, Cambridge had 42,615 households in 2000. Let’s figure that the ultimate cost of the project will be $80 million (typical overrun for government and non-profit org. construction). So that is $2,000 per household. The interest on $2,000 isn’t quite enough to pay for standard Netflix at retail rates, but if you assume that (1) you’d get a discount for a group order, (2) not every household would need or want a stream of DVDs, and (3) the new expanded building will consume a lot more in heating and electricity, I think the numbers would work out.
How could we have survived with the old building? It was perfectly functional. It was never crowded. Thanks to byzantine zoning laws, there is essentially no new residential construction in Cambridge and the population is not growing substantially (we had 120,000 residents in 1920; there are 100,000 residents today). Did the old building have enough space for tens of thousands of new books? No. Could some of the old books have been scanned and thrown out? Yes. Could tens of thousands of new books been made available to residents of Cambridge through electronic services? Yes.
[My friend is apparently a good Cambridge liberal because she said that maybe the money should have been spent to improve the adjacent high school, one of the worst performing in the state, albeit one of the most lavishly funded. We didn’t have any fiscal conservatives on our walk (do we have any in politics anywhere in the this country?) because nobody suggested that when nominal housing prices doubled the property tax rate be cut so that the total dollars paid for the city budget remained constant and too-exciting-not-to-spend surpluses of $50 million did not pile up.]
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